Ocean Wilsons Holdings Ld Wilson Sons Limited: Tecon Salvador (1766K)

TIDMOCN

RNS Number : 1766K

Ocean Wilsons Holdings Ld

12 December 2018

Ocean Wilsons Holdings Limited

Wilson Sons Limited: Tecon Salvador

Our principal operating subsidiary, Wilson Sons Limited made the following announcement to the Brazilian and Luxembourg Stock Exchanges.

Wilson Sons Limited (B3: WSON33) ("Wilson Sons" or "Company") informs that on 7 December 2018 its wholly-owned subsidiary Tecon Salvador S.A. ("Tecon Salvador") signed an agreement with Shanghai Zhenhua Heavy Industries Co., Ltd. ("ZPMC") to purchase three Ship-to-Shore quay cranes ("STSs") and five Rubber-Tyred Gantry yard cranes ("RTGs"), together with other equipment and spare parts. The equipment is expected to arrive in the second quarter of 2020. After installation the terminal will have a total of nine STSs and 16 RTGs.

This investment is part of Tecon Salvador expansion plan and reflects the Company's commitment to continuous improvements in productivity and operational efficiency. Tecon Salvador investment plan will promote the development of the Port of Salvador, creating jobs and reinforcing economic growth in Bahia.

Enquiries

Company Contact

   Keith Middleton                                                                     [phone] 

Media

David Haggie

   Haggie Partners LLP                                                           [phone] 

Cantor Fitzgerald Europe

   David Foreman, Will Goode (Corporate Finance)            [phone] 

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December 12, 2018 02:00 ET (07:00 GMT)